Tuesday , 23 January 2018
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Tag Archives: interst rate

China Lifts Cap on Life Insurance Interest Rate

The 2.5 percent pre-determined interest rates attached to life insurance products here in China have been scrapped.The move is the latest effort by central government to liberalize the country’s interest rates.The People’s Bank of China has already loosened its grip on bank lending rates.Under the new regulations, insurance companies can set their own rates to a maximum of 3.5-percent.The rigid ... Read More »